S A RETAIL PROPERTIES LIMITED - TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
S A RETAIL PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1999/025764/06)
(JSE Code: SRL & ISIN Code: ZAE 000034328)
("S A Retail" or "the Company")
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
In terms of the Listings Requirements of the JSE Securities Exchange South
Africa ("JSE"), a listed company is required to publish a trading statement as
soon as it becomes aware that its financial results for the next reporting
period will be substantially different from those of the corresponding period of
the previous year.
Shareholders are advised that it is anticipated that the earnings per linked
unit for the year ended 31 March 2004 are likely to be materially higher
("materially" being an increase or decrease between 10% and 30%, as defined in
the revised JSE Securities Exchange South Africa ("the JSE") Listings
Requirements) than those reported in the corresponding period of the previous
year. The increase in earnings arises from a net surplus on the revaluation of
investment properties.
Headline earnings and distribution per linked unit are not impacted by such
revaluation net surplus.
As the forecast has not been reviewed or reported on by the Company"s auditors,
shareholders are advised to exercise caution when dealing in the Company"s
shares on the JSE until the release of the results and distribution announcement
for the year ended 31 March 2004, which are expected to be released on or about
5 May 2004.
Durban
30 April 2004
Sponsor
Exchange Sponsors (Pty) Ltd
Date: 30/04/2004 04:26:04 PM Produced by the JSE SENS Department
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